Charles Hoskinson, Cardano’s founder, and the members of his team visited Google’s London Headquarters in order to talk about the future of cryptocurrency.
When he was asked how Cardano can overcome Ethereum’s first-mover advantage, he explained the reasons for which he believes that Ethereym does not have much of a head start.
“So how many Java, C++ or Go developers are writing code on Ethereum? You can’t. Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform. If you look at the top 10 languages, none of them works on the system. So, by definition, all those developers aren’t developing for the system. They have to go and learn new tools and new stuff…” he said.
Hoskinson continued and explained that ”The other thing is that very few people today write smart contracts. They play with these things, but very few people are smart contract developers. If 99% of developers aren’t in the ecosystem, how can you say a person has a first-mover advantage? It’s nuts.”
CryptoKitties’ popularity surged in 2017
Back in 2017, a game built on the Ethereum blockchain was the first decentralized app aka DApp on the network that exploded in popularity.
CryptoKitties witnessed a burst of players spending ether to breed and trade digital cats.
It clogged the Ethereum network and triggered massive transaction delays.
There are currently more than 1,600 decentralized apps on the Ethereum network.
Ethereum is currently working on a Layer 1 scalability solution that is called sharding and a Layer 2 solution that’s called plasma. These two solutions are designed to increase the speed of transactions.
Cardano teamed up with Emurgo
Cardano, on the other hand, launched back in September 2017 and teamed up with Emurgo in order to develop and support commercial ventures and enterprise solutions.
Cardano’s first smart contracts testnet KEVM was released back in May, and the second testnet IELE is set to be released this month.
Hoskinson explained that the current demand for development on Cardano is overwhelming.